Physician group Patients First, based in Washington, Mo., has put plans to open a three-bed hospital on hold as it negotiates a possible integration with St. Louis-based SSM Health Care, according to a St. Louis Business Journal report.
The group earned permission to build the hospital in Washington, Mo., last fall and it was slated to be complete by the end of this year.
The physician group is still in the midst of a 110-day exclusive and confidential negotiating period with SSM Health. It announced two agreements with SSM in September, which are designed to explore a possible integration.
Under the first 110-day non-binding agreement, the organizations would explore a partnership in cancer care. The second agreement was a memorandum of understanding to explore a value-based delivery network.
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The group earned permission to build the hospital in Washington, Mo., last fall and it was slated to be complete by the end of this year.
The physician group is still in the midst of a 110-day exclusive and confidential negotiating period with SSM Health. It announced two agreements with SSM in September, which are designed to explore a possible integration.
Under the first 110-day non-binding agreement, the organizations would explore a partnership in cancer care. The second agreement was a memorandum of understanding to explore a value-based delivery network.
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